My wife and I are approaching an exchange on a flat in Chesterfield and my parents have sent the ten percent deposit to my conveyancer. I am now informed that as the deposit has been received from someone other than me my lawyer needs to disclose this to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I advised the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your property lawyer is obliged to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Are the Chesterfield conveyancing solicitors identified as being on the Co-operative conveyancing panel, together with their details provided by Co-operative?
Chesterfield conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
My wife and I have recently appointed a conveyancing solicitor in Chesterfield. I need to find out if they are accepted on the Alliance & Leicester conveyancing panel. Could you or the lender confirm if they are on the panel?
The first thing you should do is phone the lawyer and enquire if they can act for the bank. Otherwise you can call Alliance & Leicester who may be able to help.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one round the corner in Chesterfield I like with open areas and station in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Chesterfield suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan that many years may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
We're novice buyers - agreed a price, yet the estate agent informed us that the owners will only proceed if we appoint the agent's recommended solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Chesterfield
It is improbable the vendors are driving this. If they desire ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Contact the vendors directly and make sure they comprehend that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to use your preferred Chesterfield conveyancing lawyers - not the ones that will give their estate agent a introducer fee or meet his conveyancing targets pre-set by head office.